Lytle Enterprises announced that it secured refinancing for Fairwinds Rio Rancho, a three-story, 220-unit independent living and assisted living community located in Rio Rancho, N.M.
JLL represented the borrower and secured the five-year, fixed-rate loan through a life insurance company.
Embodying the appeal of living in a highly-amenitized community, the property features lounges, a theater, laundry facilities and outside patio areas and gardens. The property’s location within the Albuquerque MSA is near State Route 528, Rio Rancho Center, as well as nearby public parks. Located at 920 Riverview Drive, Fairwinds Rio Rancho totals 211,213 square feet, was built in 1997 and renovated in 2019.
